Common use of Adjustment in Number of Warrant Shares Clause in Contracts

Adjustment in Number of Warrant Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 7, the number of Warrant Shares issuable upon the exercise of the Warrant shall be adjusted to the nearest full Warrant Share by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 5 contracts

Samples: Warrant Agreement (Phase Out of America Inc), Warrant Agreement (Accumed International Inc), Warrant Agreement (Phase Out of America Inc)

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Adjustment in Number of Warrant Shares. Upon each When any adjustment of is -------------------------------------- required to be made in the Exercise Price pursuant to the provisions of this Article 7Price, the number of Warrant Shares issuable upon the exercise of the this Warrant shall be adjusted changed to the nearest full Warrant Share number determined by multiplying a number dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Exercise Price in effect immediately prior to such adjustment adjustment, by (ii) the number of Warrant Shares issuable upon exercise of the Warrant Exercise Price in effect immediately prior to after such adjustment and dividing the product so obtained by the adjusted Exercise Priceadjustment.

Appears in 3 contracts

Samples: Annual Report, Common Stock Purchase Warrant (Igi Inc), Common Stock Purchase Warrant (Igi Inc)

Adjustment in Number of Warrant Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 71, the number of Warrant Shares issuable upon the exercise of the each Warrant shall be adjusted to the nearest full Warrant Common Share by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrant Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gigabeam Corp)

Adjustment in Number of Warrant Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 7, the number of Warrant Shares issuable upon the exercise of the each Warrant shall be adjusted to the nearest next highest full Warrant Common Share by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrant Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (New York Health Care Inc)

Adjustment in Number of Warrant Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 76, the number of Warrant Shares issuable upon the exercise of the each Warrant shall be adjusted to the nearest full Warrant Share share of Common Stock by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrant Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Us Automotive Manufacturing Inc)

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Adjustment in Number of Warrant Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 78, the number of Warrant Shares issuable upon the exercise of the Warrant shall be adjusted to the nearest full Warrant Share by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Commonwealth Associates)

Adjustment in Number of Warrant Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 7Section 6, the number of Warrant Shares issuable upon the exercise of the each Warrant shall be adjusted to the nearest full Warrant Share share of Common Stock by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrant Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Employment Agreement (11 Good Energy Inc)

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